Basic of finance 2

What is the main purpose of a budget?

• To keep track of income and expenses

• To pay taxes

• To open a bank account

What does ATM stand for?

• Automatic Transfer Money

• Automated Teller Machine

• Account Transaction Method

Which of these is an example of an asset?

• Car

• Electricity bill

• Loan repayment

What is the currency of Japan?

• Dollar

• Yuan

• Yen

If you borrow money from a bank, what do you usually pay in return?

• Discout

• Interest

• Dividend

What is the full form of GDP?

• General Domestic Price

• Gross Domestic Product

• Government Development Plan

Which one is a type of investment?

• Bus Ticket

• Mutual Fund

• Grocery

8. If you save ₹1,000 in a bank account that earns interest, what happens over time?

a) The money increases ✅

b) The money decreases

c) The money disappe

ars

• The money increases

• The money decreases

• The money disappears

What does 'debit' in banking mean?

• Money coming in

• Bank closing your account

• Money going out of an account

Which one is NOT a mode of online payment?

• Cheque

• UPI

• Credit card